This is Brazil's third attempt to get its coffee traded on the New York's "C" market; if accepted, the price of arabica beans could drop to as low as $30 per hundredweight.
This is in the context of arabica futures currently trading at more than $180 per hundredweight, largely due to falling supplies.
Though the South American giant's request is expected to be rejected again by the New York Stock Exchange, this new attempt will sound alarms in coffee markets, since if arabica harvests continue to fall and demand cannot be satisfied then Brazil's entry into the coveted "C" contract club could become a reality.
Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water, power. Great Location, close to everything Ideal area for living or developing an ecologically...
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